XD HORECA

Active

Private limited companyfounded 20242 yrs activeWolvengracht 28, 1000 Brussel, BelgiumKBO/BCE: BE 1011.069.503

The computed 12-month bankruptcy probability of XD HORECA is 8.4% (elevated). The 2025 annual accounts show equity of €2k and a net result of €-13k. Its solvency ranks better than 26% of 13240 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

27 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability31

Solvency26

Growth-

Track record67

Bankruptcy probability, 12 months

8.4% Elevated

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity short (current ratio 0.34; short-term debt: 66.3% and cash: 10.7% of total assets), and 99.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

0.6%

Return on assets

-4.1%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 1 filing

Deviation from the deadline

2025

27 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€2k

Total assets

€319k

Net result

€-13k

Working capital

€-139k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €319k

77.2%

22.8%

Fixed assets €247k

Current assets €73k

Equity and liabilities €319k

99.4%

Equity €2k

Debt €317k

Debt finances 99.4% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€27k

Cash flow

€14k

Solvency

0.6%

Current ratio

0.34

Quick ratio

0.25

ROE

-672.5%

ROA

-4.1%

Interest coverage

2.12

Debt

€317k

Debt ≤ 1 year

€212k

Debt > 1 year

€106k

Staff costs

€148k

A ratio outside any meaningful range has been withheld (balance sheet total €319k, equity €2k).

Filed annual accounts

As filed with the NBB · 2025

Balance sheet Code2025

Assets

Total assets20/58€319k

Fixed assets21/28€247k

Intangible fixed assets21€36k

Tangible fixed assets22/27€184k

Plant, machinery and equipment23€145k

Furniture and vehicles24€14k

Other tangible fixed assets26€25k

Financial fixed assets28€26k

Current assets29/58€73k

Stocks and contracts in progress3€19k

Stocks30/36€19k

Amounts receivable within one year40/41€8k

Trade receivables40€7k

Other amounts receivable41€1k

Cash at bank and in hand54/58€34k

Deferred charges and accrued income490/1€11k

Equity and liabilities

Total equity and liabilities10/49€319k

Equity10/15€2k

Contributions10/11€15k

Profit (loss) carried forward14€-13k

Amounts payable17/49€317k

Amounts payable after more than one year17€106k

Financial debts170/4€106k

Amounts payable within one year42/48€212k

Current portion of amounts payable after more than one year42€41k

Trade debts44€55k

Suppliers440/4€55k

Taxes, remuneration and social security45€42k

Taxes450/3€25k

Remuneration and social security454/9€17k

Other amounts payable47/48€75k

Income statement Code2025

Remuneration, social security and pensions62€148k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k

Other operating charges640/8€543

Gross operating margin9900€175k

Operating profit (loss)9901€-288

Financial income75/76B€50

Recurring financial income75€50

Financial charges65/66B€13k

Recurring financial charges65€13k

Profit (loss) for the period before taxes9903€-13k

Profit (loss) for the period9904€-13k

Profit (loss) for the period to be appropriated9905€-13k

Appropriation of the result

Profit (loss) to be appropriated9906€-13k

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2026

27-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 27 days late

NBB filing

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2024

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Wolvengracht 281000 Brussel

Ground area

1,297 m²

Building footprint

1,335 m²

Volume, LiDAR

30,758 m³

Parcel 21802B0892/00E000, Brussels · tallest building 34.4 m, ±10 floors. Linked by address, not a title deed.

1 establishment unit

XD HORECA

Wolvengracht 28, 1000 BrusselFull-service restaurants

since 20242.361.724.623

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21802B0892/00E000 ProtectedMonumentHerenhuis in Lodewijk XV-stijlSource ↗	Brussels	1,297 m²	1 · 1,335 m²	34.4 m · 10 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Recognitions · licences · registrations

Food safety, FASFC

1 site

Brussel2.361.724.623

1 permission

Toelating · Eetgelegenheid · since 01-10-2024

Similar companies · same sector, comparable size

Tessenderlo-Ham · Eq €2k

AFFANI

BE 1017.189.510

Antwerpen · Eq €2k

Of 21,896 companies in sector 56112 we hold annual accounts for 9,783. 2,913 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded02-07-2024

Fiscal year end31-12

Activities, NACEBEL

56102Limited-service restaurants

56111Full-service restaurants

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.